Travel & Leisure (TNL) Dividend Coverage Ratio (2010 - 2026)
Travel & Leisure's (TNL) Dividend Coverage Ratio stood at 3.00 in Q3 2026, down 2.7% from 3.08 a year earlier but up 1.8% from the prior quarter.
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Analysis
Travel & Leisure (TNL) Dividend Coverage Ratio (2010 - 2026) Analysis & Trends
On a TTM basis, Travel & Leisure's Dividend Coverage Ratio came in at 1.58 as of Sep 30, 2026, down 43.2% year-over-year; for FY2025, it came in at 1.54, down 46.7% from FY2024.
- Across earlier years, Dividend Coverage Ratio came in at 2.89 in FY2024 (-0.6%), 2.91 in FY2023 (+10.1%), 2.64 in FY2022 (-6.4%) and 2.83 in FY2021.
- Quarterly Dividend Coverage Ratio has ranged from -1.74 in Q4 2025 to 4.03 in Q4 2023 over the past five years.
- On a year-over-year basis, Dividend Coverage Ratio rose in four of the last seven quarters, with an average decline of 2.0%.
- Peak year-over-year performance for Dividend Coverage Ratio in the last five years was growth of 41.8% in Q4 2023, against a decline of 20.8% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 2.95 (Q2 2026), 1.93 (Q1 2026) and -1.74 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.82 Bn | 107.09 Bn | 1.54 Bn | 4.20 |
| 2 | Royal Caribbean Cruises | 86.08 Bn | 83.01 Bn | 2.88 Bn | - |
| 3 | Hilton Worldwide Holdings | 82.66 Bn | 79.40 Bn | 3.05 Bn | - |
| 4 | Carnival | 40.26 Bn | 33.45 Bn | - | - |
| 5 | Viking Holdings | 38.32 Bn | 23.44 Bn | 996.62 Mn | - |
| 6 | Trip.com | 28.77 Bn | -16.27 Bn | 1.84 Bn | - |
| 7 | Intercontinental Hotels | 27.14 Bn | 23.11 Bn | - | - |
| 8 | Hyatt Hotels | 17.30 Bn | 14.72 Bn | 384.00 Mn | 4.14 |
| 9 | H World | 15.38 Bn | 6.78 Bn | 456.00 Mn | - |
| 10 | Travel & Leisure | 4.60 Bn | 4.60 Bn | 1.08 Bn | 3.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.00 |
| Jun 30, 2026 | 2.95 |
| Mar 31, 2026 | 1.93 |
| Dec 31, 2025 | -1.74 |
| Sep 30, 2025 | 3.08 |
| Jun 30, 2025 | 2.92 |
| Mar 31, 2025 | 1.78 |
| Dec 31, 2024 | 3.50 |
| Sep 30, 2024 | 2.77 |
| Jun 30, 2024 | 3.69 |
| Mar 31, 2024 | 1.74 |
| Dec 31, 2023 | 4.03 |
| Sep 30, 2023 | 3.33 |
| Jun 30, 2023 | 2.69 |
| Mar 31, 2023 | 1.73 |
| Dec 31, 2022 | 2.84 |
| Sep 30, 2022 | 3.52 |
| Jun 30, 2022 | 2.86 |
| Mar 31, 2022 | 1.46 |
| Dec 31, 2021 | 3.57 |
API Access
Travel & Leisure Dividend Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio", "ticker": "TNL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();